Do You Need A Broker To Buy Penny Stocks May 2026

Can You Buy Penny Stocks Without a Broker? Technically, —you cannot trade on public stock exchanges or over-the-counter (OTC) systems without a registered broker-dealer to route your orders. Even if you use a "no-fee" app, that app is acting as your broker.

However, there are a few rare ways to acquire shares directly from a company: do you need a broker to buy penny stocks

While "going direct" sounds cheaper, it’s often impractical for penny stocks. Can You Buy Penny Stocks Without a Broker